Olin, Huntsman Shareholders Approve Merger
Shareholders of Olin Corp. and Huntsman Corp. voted to approve their merger, forming a $12.5 billion vertically integrated chemical producer expected to close in the first half of 2027.
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Shareholders of Olin Corp. and Huntsman Corp. voted to approve their merger, forming a $12.5 billion vertically integrated chemical producer expected to close in the first half of 2027.
Huntsman Corp narrowed Q2 net loss to $6 million amid 14% sales growth and expanded polyurethane margins, offsetting rising raw material costs.
Olin Corp. and Huntsman Corp. agreed to an all-stock merger creating a $12-billion-plus chemical producer vertically integrated from chlor-alkali through polyurethanes and advanced materials.
Huntsman Corp. sold its Gomet subsidiary, a manufacturer of molded rubber and thermoplastic automotive components, to Trelleborg Group for €42.5 million. The company intends to use the proceeds to red
Huntsman Corp posted a Q1 net loss of $53 million on $1.42B revenue. Sales volumes rose despite Middle East disruptions, margins improved, and management expressed cautious optimism for Q2.